Public Service Enterprise Group
Public Service Enterprise Group (PSEG) is a diversified energy holding company primarily focused on regulated utility operations and carbon-free power generation. The company provides electric and gas transmission and distribution services to a significant portion of New Jersey's population while operating one of the largest nuclear generation fleets in the United States. PSEG's strategy centers on regulated capital investments to enhance business predictability and leveraging its nuclear assets to support clean energy transitions.
Financials
Based on Q1 2026 filing
Revenue
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PSE&G (Utility)
primaryA franchised public utility providing regulated electric and gas transmission and distribution services. It operates under a decoupling mechanism where margins are primarily driven by customer counts rather than usage volumes.
Electric Transmission, Electric Distribution, Gas Distribution, Appliance Services, Energy Efficiency Programs, EV Charging Infrastructure
Residential, Commercial, Industrial
PSEG Power (Nuclear & Energy Management)
majorA merchant generation business focused on carbon-free nuclear energy and wholesale gas supply. It optimizes the value of its generation portfolio through energy, capacity, and ancillary service sales in the PJM market.
Nuclear Energy, Capacity Credits, Ancillary Services, Wholesale Natural Gas
Wholesale Market Participants, Utilities, Energy Marketers
PSEG Long Island
minorOperates the electric transmission and distribution system of the Long Island Power Authority (LIPA) under a contractual management agreement.
T&D System Operation, Grid Management Services
Municipal Power Authorities
Business Overview
Competitive Position
PSEG holds a dominant regulated position in New Jersey and is a leading operator of carbon-free nuclear baseload generation in the PJM Interconnection region.
Geographies
New Jersey, Pennsylvania, New York
Customer Segments
Residential Consumers, Commercial Enterprises, Industrial Manufacturers, Wholesale Energy Markets
Upstream Dependencies
Uranium Suppliers, Nuclear Fuel Fabricators, Natural Gas Producers, Electrical Equipment Manufacturers
Downstream Customers
Residential Households, Commercial Businesses, Industrial Facilities, PJM Interconnection, Long Island Power Authority
Competitors & Partners
Competitors
Exelon
EXC
Peer regulated utility and nuclear operator in the Mid-Atlantic
Constellation Energy
CEG
Competitor in merchant nuclear generation and wholesale markets
Nextra Energy
NEE
Competitor in competitively bid transmission and renewable energy
Consolidated Edison
ED
Regional utility competitor in New Jersey and transmission
Partners
PJM Interconnection
Regional Transmission Organization that operates the grid and wholesale markets where PSEG sells power
Long Island Power Authority
Contractual partner for the operation of Long Island's electric T&D system
Subsidiaries
Public Service Electric and Gas Company
Regulated electric and gas utility subsidiary
PSEG Power LLC
Nuclear generation and wholesale energy subsidiary
PSEG Long Island LLC
Entity operating the LIPA T&D system
PSEG Services Corporation
Internal shared services provider
Public Service Enterprise Group FAQ
Common questions about Public Service Enterprise Group
Public Service Enterprise Group (PSEG) is a diversified energy holding company primarily focused on regulated utility operations and carbon-free power generation. The company provides electric and gas transmission and distribution services to a significant portion of New Jersey's population while operating one of the largest nuclear generation fleets in the United States. PSEG's strategy centers on regulated capital investments to enhance business predictability and leveraging its nuclear assets to support clean energy transitions.
Public Service Enterprise Group (PEG) has a market capitalization of $38.7B and trades on NYSE.
Public Service Enterprise Group generated $12.8B in trailing twelve-month revenue with net income of $2.3B, representing a net margin of 17.7%. Gross margin stands at 65.0%, with free cash flow of $1.0B. These figures are based on the Q1 2026 filing.
Public Service Enterprise Group's key competitors include Exelon Corporation, Constellation Energy, NextEra Energy, and others. These companies compete in similar markets and product categories.
Public Service Enterprise Group has approximately 25,086 employees.